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Stock Market & Financial Investment News

News Breaks
February 11, 2013
08:03 EDTCG, DUFDuff & Phelps announces expiration of 'go-shop' period
Duff & Phelps (DUF) announced that, following the expiration of the “go-shop” period provided for in its previously announced merger agreement with a Consortium comprising controlled affiliates of or funds managed by The Carlyle Group (CG), Stone Point Capital LLC, Pictet & Cie and Edmond de Rothschild Group, the company did not receive any alternative acquisition proposals from third parties. The company remains committed to the Consortium’s proposal to acquire the company for $15.55 per share in cash in a transaction valued at approximately $665.5M. During the “go-shop” period, Centerview Partners, the company’s financial advisor, with the direction of the Transaction Committee of the Board of Directors, comprised of independent Directors, undertook a broad solicitation effort, contacting 27 potential acquirers believed to have potential strategic or financial interest in an alternative transaction to the transaction with the Consortium. These proactive contacts resulted in 5 parties negotiating and entering into confidentiality agreements with the company, although no alternative acquisition proposals from third parties were received. The transaction is expected to close in 1H13.
News For DUF;CG From The Last 14 Days
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December 16, 2014
17:37 EDTCGCarlyle Group puts ITS Technologies & Logistics up for sale, WSJ says
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December 15, 2014
10:00 EDTCGOn The Fly: Analyst Initiation Summary
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08:19 EDTCGCarlyle Group initiated with an Equal Weight at Morgan Stanley
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December 9, 2014
06:33 EDTCGCarlyle Group acquires majority stake in Newgen KnowledgeWorks for $32.8M
The Carlyle Group has invested $32.8M to acquire a 54.85% stake in Chennai, India-based Newgen KnowledgeWorks Private Limited, a provider of publishing and technical services for many of the world’s largest and most prestigious publishers, particularly in the USA, the UK and Europe. Equity for the transaction comes from First Carlyle Ventures III, an investment fund advised by The Carlyle Group. Carlyle acquired the stake held by Franklin Templeton Private Equity Strategy, Aureos South Asia Fund and ePlanet Capital in Newgen. Carlyle had earlier invested in Newgen in 2004 and exited its investment in 2011.

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